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Quality factors of labor quality affected in a market include: education, intelligence, and experience. Issues that lower the price of labor in a given market include: greater supplies of labor, lower demand for labor, lack of labor unions, and lack of government regulation. Good labor quantity or number of available workers in a market is very important to the labor demands. Good labor markets are important to keep unemployment low and wages, employment and income at a higher rate. Usually, the labor forces are made up of the working age societies who are participating workers, people actively employed or seeking employment...
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